GENESA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GENESA
Largest movements
- Receivables within one year +€1,144
up €1,144 (+143%), from €803 to €1,947
- Deferred charges and accrued income -€343
no longer reported in 2025 (was €343)
- Cash -€126
no longer reported in 2025 (was €126)
mainly Tax, wage and social debts (-€16,146) and Receivables within one year (-€1,144)
- Stocks and contracts -€40
down €40 (-2.6%), from €1,550 to €1,510
- Tax, wage and social debts -€16,146
down €16,146 (-90.5%), from €17,833 to €1,687
of which Remuneration and social security: -€16,123
- Profit (loss) carried forward +€7,041
up €7,041 (+20.9%), from -€33,610 to -€26,569
- Other debts +€5,739
new in 2025: €5,739
- Accrued charges and deferred income +€4,000
new in 2025: €4,000
- Staff costs -€16,041
down €16,041 (-47.4%), from €33,866 to €17,826
- Gross operating margin -€10,083
down €10,083 (-76.6%), from €13,158 to €3,075
- Financial income +€6,505
up €6,505 (+41.5%), from €15,660 to €22,165
of which Financial income: +€6,505
- Other operating charges -€387
down €387 (-61.1%), from €634 to €247
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,822 | €3,457 | +€635 | +22.5% |
| Current assets | 29/58 | €2,822 | €3,457 | +€635 | +22.5% |
| Stocks and contracts in progress | 3 | €1,550 | €1,510 | -€40 | -2.6% |
| Stocks | 30/36 | €1,550 | €1,510 | -€40 | -2.6% |
| Amounts receivable within one year | 40/41 | €803 | €1,947 | +€1,144 | +143% |
| Trade receivables | 40 | €803 | €1,947 | +€1,144 | +143% |
| Cash at bank and in hand | 54/58 | €126 | - | -€126 | |
| Deferred charges and accrued income | 490/1 | €343 | - | -€343 | |
| Total equity and liabilities | 10/49 | €2,822 | €3,457 | +€635 | +22.5% |
| Equity | 10/15 | -€15,010 | -€7,969 | +€7,041 | +46.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,610 | -€26,569 | +€7,041 | +20.9% |
| Amounts payable | 17/49 | €17,833 | €11,426 | -€6,407 | -35.9% |
| Amounts payable within one year | 42/48 | €17,833 | €7,426 | -€10,407 | -58.4% |
| Taxes, remuneration and social security | 45 | €17,833 | €1,687 | -€16,146 | -90.5% |
| Taxes | 450/3 | €139 | €117 | -€23 | -16.4% |
| Remuneration and social security | 454/9 | €17,693 | €1,571 | -€16,123 | -91.1% |
| Other amounts payable | 47/48 | - | €5,739 | +€5,739 | |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €33,866 | €17,826 | -€16,041 | -47.4% |
| Other operating charges | 640/8 | €634 | €247 | -€387 | -61.1% |
| Gross operating margin | 9900 | €13,158 | €3,075 | -€10,083 | -76.6% |
| Operating profit (loss) | 9901 | -€21,343 | -€14,997 | +€6,345 | +29.7% |
| Financial income | 75/76B | €15,660 | €22,165 | +€6,505 | +41.5% |
| Recurring financial income | 75 | €15,660 | €22,165 | +€6,505 | +41.5% |
| Non-recurring financial income | 76B | €15,660 | €22,165 | +€6,505 | +41.5% |
| Financial charges | 65/66B | €154 | €126 | -€28 | -18.0% |
| Recurring financial charges | 65 | €154 | €126 | -€28 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,837 | €7,041 | +€12,878 | |
| Profit (loss) for the period | 9904 | -€5,837 | €7,041 | +€12,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,837 | €7,041 | +€12,878 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.